The
Debts Recovery Tribunals have been established by the Government of India
under an Act of Parliament (Act 51 of 1993) for expeditious adjudication
and recovery of debts due to banks and financial institutions.

The
provisions of the Recovery of Debts Due to Banks and Financial
Institutions Act, 1993 shall not apply where the amount of debt due to
bank or financial institution or to a consortium of banks or financial
institutions is less than ten lakhs rupees or such other amount, being not
less than one lakh rupees, as the Central Government may, by notification,
specify.

The
fee payable as per Rule 7 of the Debts Recovery Tribunal (Procedure)
Rules, 1993 is Rs.12,000/- where an amount of debt due is Rs.10.00 lakhs,
Rs.12,000 plus Rs.1000 for every one lakh of debt due or part thereof in
excess of Rs.10.00 lakhs subject to a maximum of Rs.1,50,000/- where an
amount of debt due is above Rs.10.00 lakhs.

Every Application filed under Rule 4 of the DRT (Procedure) Rules, 1993,
shall set forth concisely under distinct heads, the grounds for such
application and such grounds shall be numbered consecutively and shall be
typed in double space on one side of the paper.